this is regarding carry trading. the last time i looked into this i was 17 years old and the USD federal interest rate was something like 5.25 percent. i only dabble in financial reports nowadays so im not sure what the rate is currently at.
i want to take a carry trade, while also taking another trade with a different pair as a hedge.
such as: long GBP/JPY
short USD/JPY
im assuming the interest i would gain by buying the GBPJPY would be greater than the interest i would pay out (if any) by selling the USDJPY.
am i off my rocker here guys?
i want to take a carry trade, while also taking another trade with a different pair as a hedge.
such as: long GBP/JPY
short USD/JPY
im assuming the interest i would gain by buying the GBPJPY would be greater than the interest i would pay out (if any) by selling the USDJPY.
am i off my rocker here guys?